Elumelu, Otedola fight for control of Transcorp
The billionaires have each raised their stakes in the company in the last two weeks, with each trying to outmanoeuvre the other.
Dangote in talks to buy French football club
Aliko Dangote, Nigerian billionaire and richest man in Africa, is in discussions to buy the French football club Valenciennes.
Eddy Zdziech, the president of Valenciennes,...
Nigeria Wealth Fund profit falls 33% in 2022
The Nigeria Sovereign Investment Authority reported a sharp decline in profit for 2022 compared with the previous year, citing macroeconomic conditions in global markets...
Scramble for Oando ‘payout’ as firm announces delisting
Energy firm Oando Plc says it will cease to be a public company by delisting from the Nigeria Exchange Limited and the Johannesburg Stock...
Nigeria’s central bank raises interest rate on price pressure
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points to 18% on Tuesday, extending a tightening policy that began last...